Monday, December 5, 2016

New 1% Down Conventional Loan Product…

small-brett-pic4I wanted to alert you to a 1% down Conventional loan we have.
You’ll need a 700 credit score.
Max debt to income ratio of 43%.
Product is also available with no Mortgage Insurance.
If you are interested in this product please give me a call or shoot me an email.
That’s it for today!
Have a good day today!
…and thanks for reading.
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Wednesday, November 30, 2016

Conforming Loan Limits Increasing…

small-brett-pic4The maximum baseline conforming loan limit is increasing from 417k to $424,100 in 2017.
The max conforming loan has been $417k since 2006.
Home prices were 1.7% higher in the third quarter of 2016 than during the same period in 2007. This is according to Federal Housing Finance Agency’s Home Price Index. The increase to the baseline conforming loan limit matches the 1.7% uptick.
That’s it for today!
Have a good day today!
…and thanks for reading.
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Monday, November 14, 2016

Presidential Election’s Effect On Mortgage Rates…

small-brett-pic2I hope you had a good holiday weekend!
The bond markets reacted to the presidential election last week by having a huge sell off. …The result is mortgage rates spiked, and rose a quarter of a point in two days.
This sell off will stop. It could be today, or it could take a little longer.
I expect the volatility to settle a bit this week. …I’ll keep watchin’ it for ya!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
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